Friday, February 8, 2013

REVISITED: Nifty path ahead and an upcoming Tsunami!

REVISITED: Nifty path ahead and an upcoming Tsunami!

By Waves Strategy Advisors, For more information visit or write to

To many the current down move in Indian equity markets might be a surprise but not to our subscribers as they were expecting strong reversal to downside.
We published the following article on 11th January 2013 making a statement as Nifty Upcoming Tsunami… when prices were at 6050 levels… We mentioned on 11th January tha"Nifty gave a very important close yesterday that reduces all but 1 most probable scenario. As per the Elliott wave counts chances of Nifty nearing an important top is very high and probably a top for the year 2013.
We published an interim report at 2 pm for our paid subscribers ...., “Nifty has failed to sustain the Gap today and has moved near .…. Positional traders can start booking profits and keep ……… very important stop for all long positions. There can be one final attempt on upside over next few days towards 6100 - 6120 maximum!”
In 11th January 2013 morning report we explained what made us make such a bold statement and explained various technical reasons.
All advanced & basic technical tools like Wave counts, momentum indicators, Time cycles, Channels, Fibonacci retracements are in sync and indicating that an intermediate top is very near. We would advise our subscribers to……………"
……..If we are right, time is running out. Do not get carried away in the euphoria but think objectively using technical tools and Learn & Trade with no subjectivity!!!
HAPPENED AS OF TODAY – 8th February 2013:
In today’s morning report we mentioned to our Equity report subscribers:
Nifty 60 mins chart: published in morning before Equity markets opened:
Published on 8th February morning before markets opened:Prices touched the upper end of the channel shown on 60 mins chart and reversed from there. This downward sloping channel is working very well which forced us to adopt the corrective counts and not impulsive for current down move as mentioned in previous report. 
The overall breadth continues to be extremely weak with more than 1800 stocks declining against only 950 advances on BSE. Also midcap and smallcap sectors continued the underperformanceagainst Nifty.…… As shown on daily chart prices are now just kissing the 2-4 trendline and a break here can probably result into a quick move towards the next support of 5885. This is the level where wave c = wave a of the second corrective pattern shown on 60 mins chart.
We should eventually start seeing increase in selling pressure and increase in daily range of Nifty which is just 50 points on an average currently!
In short, as long as prices move within the downward sloping channel our bias is negative. Move below the previous day low of 5927 will continue the down move and prices can move lower till the support of 5885 levels.
Happened: At the close on 8th February 2013:
Happened: At the close on 8th February 2013: Nifty broke below 5927 level and made a low of 5884
Sensex falls for 7th consecutive session which is longest losing streak since November 2011
We cannot be more accurate than this. Nifty made a low of 5884 in last 15 mins of trading which is to the point close to the level we mentioned in morning report today itself.
This is not it. There is much more left even now. Do not miss such crucial opportunity in Indian markets when each and every technical tool is perfectly in sync and now INR has also joined the bandwagon.  
Subscribe and see yourself the complete research report which was published today morning and the path ahead for Indian equity markets. There is still lot of steam left in this trending move on downside, see it yourself and be ready to ride the next WAVE! For more information visit write to us on or call on +91 9920422202

1 comment:

  1. Asking queѕtions are in fact nice thing if
    yоu аre not undеrѕtanding somethіng fully,
    еxcеpt this pοst gіves nісe
    underѕtanding even.

    My weblog ... payday advance
    Visit my weblog : payday advance